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Second Mortgage in North York

About North York

North York is an administrative area and former city in Toronto, Ontario, Canada. It is located directly north of Old Toronto, between Etobicoke to the west and Scarborough to the east. As of the 2011 Census, it had a population of 655,913. It was first created as a township in 1922 out of the northern part of the former city of York, a municipality that was located along the western border of Old Toronto. Following its inclusion in Metropolitan Toronto in 1954, it was one of the fastest growing parts of the region due to its proximity to Old Toronto. It was declared a borough in 1967, and later became a city in 1979, attracting high-density residences, rapid transit, and a number of corporate headquarters in North York City Centre, its central business district. In 1998, North York was amalgamated with the rest of Metropolitan Toronto to form the new city of Toronto, and has since been a secondary economic hub outside Downtown Toronto.

First Mortgages, Second Mortgages & Home Equity Loans for North York Homeowners

A second mortgage is a way to take out money on the equity you have built in your home. You can take this money out in the form of a second mortgage, which you would then pay off on a set schedule (like a regular mortgage), or a home equity loan, which you can take from as you choose, and then pay back much like a credit card, wherein you will owe a minimum monthly [payment, but can over and above that as you choose. Our staff can get you approved for a second mortgage or home equity loan in mere minutes!

Second Mortgages are a popular option for home owners who may want to carry out renovations, consolidate unsecured debt or acquire funds for unexpected emergencies. We proudly offers second mortgages and secured Home Equity Line of credit (HELOC) from our own pool of funds, for as much as 90% Loan to Value (LTV). This percentage allows you to maximize your equity takeout. We often provide approval in as little as 24 hours. Our clients can take advantage of several benefits, such as debt consolidation, property tax arrears, judgments, liens and Canada Revenue Agency (CRA) arrears. Second mortgages can also help with other financial needs such as construction financing, emergency situation, and unexpected medical bills or funeral costs. When working with industry experts such as Mortgage Partners, our clients can take advantage of fast and efficient approval process. There is no need for appraisals or excessive paperwork, unlike other lending institutions. This makes the unique second mortgage process from Mortgage Partners unlike any other lending partner in the industry. We have over $100 million in funds for homes, rental properties, condos, well and septic properties, and farm and commercial properties. Our team of professionals has dedicated years to establishing relationships with industry’s top Investors and Mortgage Investment Corporation (M.I.C) Partners throughout Canada. This makes us one of the most recognized alternative lending Mortgage Brokerages in the industry. We offer competitive rates ranging from 3.99% to 9.99%. Everyone is approved on equity, not credit.